Sellers are attracted to our services and platform given our global database of 800,000 contacts including 165,000 weekly newsletter subscribers and 13,500 members of our Private Client Group which is composed of HNW and UHNW individuals including 3500 billionaires.
Auction database consistently produces 30-50% of the buyers who step forward on a given property. This coupled with our virtual/online presence which allows for virtual tours, online registration and online bidding makes it seamless for buyers to participate anywhere in the world. With our recent acquisition by Sothebys Auctions and Anywhere we now have the ability to get our properties exposed to an even greater database.
By way of background, the company has been around for 14 years and has amassed over $3.5 billion in sales over this time. Approximately 200 auctions around the world each year are completed.
Below is a rough timeline: